Florida pension fund loses $200M in Russian investments, state rep. says
TAMPA, Fla. (WFLA) — In the intervening months since Russia invaded Ukraine, oil prices have risen, inflation has increased, and the state of Florida has reportedly lost millions due to investment in Russia. Even before the losses, Florida Democrats had urged the state to divest itself from the money it’s invested in Russian companies.
Now, Democrat Andrew Learned (D-Brandon) says the state’s pension fund has lost $200 million from its investments in Russia, following sanctions on the country due to the war. The state reportedly has $300 million invested in Russia-based companies.
“Florida’s Retirement System LOST over $200m in our Russian Investments after refusing to divest our holdings wh...
